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Fund manager slashes dividend as profits slide
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Fund manager Aberdeen Asset Management today slashed its dividend as it blamed tough market conditions for a slide in profits.
The group said pre-tax profits dropped to ?40.7m from ?48.2m the previous year, broadly in line with analysts' expectations.
Aberdeen, whose shares have dived following the collapse of a number of its split capital investment trusts, also announced it was cutting its final dividend by nearly two-thirds to 2.15p from 6.65p in 2001.
This gave a total dividend, including the interim payment, of 6p a share compared with 10.5p in 2001.
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Web Applications Developer
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Job #1202, Datawarehouse Web Application Programmer, Specialist V
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Datawarehouse Web Application Programmer, Specialist V JOB #:
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Force Protection Specialist
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Director of Quality Management
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